The Michaels Organization, a residential real estate firm, has secured financing to build the third phase of Jordan Downs redevelopment in California, US.
Real estate firm Hines and its joint venture partner Pederson Group announced that they have closed on the land for the development of 325-unit luxury residential property in north Phoenix, Arizona.Located at the northwest corner of Happy Valley Road and 35th Avenue, the multifamily property include six, threeo-storey buildings. An additional one-storey building will include a cloubhouse and a fitness amenity surrounding a pool. In total, Hines plans to develop 318,000ft² of space.The apartment property is expected to include 161 one-bedroom, 140 two-bedroom and 24 three-bedroom apartments. While rent prices have not been confirmed yet, the joint venture partners plan to begin construction of the property in the fourth quarter of this year. The announcement from Hines comes at a time when it has broken ground on Adeline, its first luxury for-rent property in Phoenix. Adeline will be a 25-story, 379-unit high-rise community at the Collier Center in downtown Phoenix.Hines managing director Robert Trujillo said: “Hines jumped at the opportunity to work with our partners on this project on Happy Valley Road. Our luxury multifamily project is positioned well to meet the expanding need for suburban luxury multifamily options in the submarket.” This property of Hines is part of a larger commercial development by Pederson Group which owns the adjacent 167,000ft² Stetson Village shopping center and has plans to develop seven acres of a mix of retail services directly in front of Hines’ multifamily development on Happy Valley Road.Pederson Group CEO Jim Pederson said: “The Pederson Group acquired the 23-acre site from the Arizona State Land Trust. “We sought a quality multifamily developer to partner with us to create a fine mixed-use project. We’re thrilled to work with Hines.”
ScotRail, Transport Scotland, North Lanarkshire Council and Strathclyde Partnership for Transport (SPT) have come together to develop a new gateway to the Glasgow City Region at Motherwell station.
Construction company BAM has been selected by Camden and Islington NHS Foundation Trust to build a new mental health facility in Highgate, North London.
US-based real estate firm Hines along with Oaktree Capital Management, an asset management firm, has acquired a 75-acre site in Glendale, Arizona to construct an industrial complex.
GMI Construction Group has completed construction on a new warehouse/industrial development at the Fradley Park development in Lichfield, UK for real estate developer Evans Property Group.
BAM Construction is set to commence construction on the first phase of £350m South Bank regeneration scheme in Leeds, UK.
Oxford City Council and its development partner Catalyst Housing have unveiled the details of ‘concept masterplan’ for the proposed £100m Blackbird Leys redevelopment scheme in the UK.
Walker & Dunlop, a US-based real estate finance company, has arranged $51.9m financing for ECLIPSE at CityCentre, a multifamily project in Huntsville, Alabama of the US.
Wates Developments and Redrow Homes have submitted an outline planning application for the development of a new housing scheme with 1,500 new homes at the former Ford Airfield in West Sussex, UK.
The University of South Florida has broken ground on its newest facility at its Research Park located at the gateway to Tampa campus.
US-based real estate developer RedLeaf Properties has signed a master development agreement (MDA) with the City of Cedar Park, Texas in the US for the $350m Bell Boulevard Redevelopment Project.
Edinburgh Council has given its approval for a £750m project to expand the BioQuarter in the south-east of the Scottish capital.
Abu Dhabi-based master developer Modon Properties has awarded three contracts worth AED2.374bn ($646.2m) to deliver infrastructure works for the second and fifth phases of Riyadh City South project in the UAE.
UK-based developer Native Land has secured planning approval from the Southwark Council in England for the second phase of £1bn Bankside Yards mixed-use development.
Hines, a US-based real estate firm, along with its partner Cresset-Diversified QOZ Fund have started construction on The Mercantile, a mixed-use project located downtown Omaha, Nebraska.
UK-based construction firm Mace has signed £350m design and build contract with property company Sellar Property Group, on behalf of Great Western Developments, for the second stage of £825m Paddington Square mixed-use development in London.
The St. Joe Company, a US-based real estate developer, has announced its plans to build a mixed-use shopping centre with additional leasable commercial space in Watersound, Florida.
Stream Realty Partners (Stream), a real estate company, is set to develop a new 500,000ft² mixed-used project, known as The Quad, in uptown Dallas, Texas.
The Texas A&M University System is planning to invest $546m in Texas Medical Center in Houston to house its Engineering Medicine (EnMed) programme and provide housing for medical and nursing students.